|
|
|
|
|
HONG KONG, Jan 25, 2021 - (ACN Newswire) - Standard Hashrate Group (SHG), the project team behind the Bitcoin Standard Hashrate Token (BTCST), today welcomed several world-class mining institutions as partners. Joining the SHG project as tokenization miners are Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia Group, each major stakeholders in the current mining industry.
Alex Zhao, CEO of SHG, said that the partners "share SHG's vision of bringing exchange-level liquidity to mining power and bridging real-world mining to the DeFi world. Their rich experience and collaborative approaches in industrial scale mining will be greatly complementary to SHG."
The partners will be working with SHG to tokenize a total of 25 PH/s of Bitcoin hashrate into their BTCST. The institutions will be pooling their expertise to provide assured continuity and the skills needed for BTCST. "As the operator of some of the largest hydropower cryptocurrency mining facilities, we applaud the innovation of the BTCST project," said Jiwei Zhu, Chairman of Hengjia Group.
With its successful debut on Binance Launchpool, BTCST has become the benchmark hashrate token with deep market liquidity and price premium. BTC.TOP CEO, Zhuoer Jiang, said that "mining is an asset intensive industry. BTCST has turned mining machines into high liquidity assets as Grayscale does to Bitcoin, injecting incremental value into the mining market."
The partners echoed the positive sentiment towards this new development in mining products.
"BTCST is really exciting," said Rene Hennen, COO of Genesis Mining, "It is one of the rare inventions which expands the Bitcoin ecosystem with the potential to add a lot of value." One facet of the BTCST that raises interest is the element of DeFi in mining, which has yet to be seen in bitcoin mining. "
We believe a project like BTCST should focus on decentralization of hashrate sourcing," said Cathy Yu, CMO of Easy2Mine. This point of view is shared by CEO of Atlas Mining, Tony Ma, who said that "BTCST has connected Bitcoin mining to the DeFi world," and that "with BTCST, we can earn real BTC via crypto-native staking."
According to the SHG whitepaper, the team aims to roll out BTCST token issuance in batches, as well as acquire and construct mining facilities within 2021.
For more information on BTCST and Standard Hashrate Group, please visit the official website.
About Standard Hashrate Group
The program team of Standard Hashrate Group consists of mining veterans who have accumulated years of experience constructing and managing mining sites in the greater China region, including some of the largest cloud mining providers in the world, as well as institutional miners. Standard Hashrate Group introduced the Bitcoin Standard Hashrate Token (BTCST) to bring exchange grade liquidity, and increase participation in Bitcoin mining. By collateralizing real Bitcoin mining power, Standard Hashrate Group paves a new path in mining Bitcoin the DeFi way. Official Website: https://www.1-b.tc
Media Contact
satoshi@1-b.tc
Topic: Press release summary
Source: Standard Hashrate Group
Sectors: Crypto, Exchange
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Toward an Athlete- and Planet-Friendly Hakone Ekiden: All Vehicles Provided for the 2026 Race Will Be Electrified
Tuesday, December 23, 2025 2:18:00 AM
|
|
|
MHI Group to Accelerate Development of Digital Talent
Tuesday, December 23, 2025 1:57:00 AM
|
|
|
MHI and EXEO Group Build and Begin Commercial Use of Japan's First GPU Servers with Two-Phase DLC
Tuesday, December 23, 2025 1:20:00 AM
|
|
|
USA EPA Approval Conditions Accepted for Graphene Coating THERMAL-XR(R)
Dec 22, 2025 20:39 HKT/SGT
|
|
|
Saat & Saat Acquires Turkish Apparel Leader Aydinli Group, Expanding U.S. Polo Assn. Markets Across Turkey, the Middle East, Eastern Europe, and North Africa
Dec 22, 2025 20:00 HKT/SGT
|
|
|
Sri Lanka and the Middle East's top real estate achievements recognised at 2025 PropertyGuru Asia Property Awards
Dec 22, 2025 09:00 HKT/SGT
|
|
|
A New Benchmark for Specialized Technology Stocks in Hong Kong! CiDi's Listing Marks a New Chapter in Commercial Intelligent Driving
Dec 19, 2025 10:30 HKT/SGT
|
|
|
Air T, Inc. Announces Closing of Regional Express Acquisition
Dec 19, 2025 06:10 HKT/SGT
|
|
|
MHI Participates in Demonstration Testing of Vehicle-Infrastructure Integration System for Autonomous Buses in Shimotsuke City
Friday, December 19, 2025 2:24:00 AM
|
|
|
NEC and emaratech Collaborate on Biometric Smart Gates Supporting UAE Airport Operations
Friday, December 19, 2025 2:06:00 AM
|
|
|
|
|
More Press release >> |
|
|
|
